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Johanna BESS - Fullmark

ROUNDUP: Q1 2025 financial results from Eos and Ormat, Hecate Grid’s rebrand

May 13, 2025
A news roundup focusing on Q1 financial results from Eos and Ormat with news of a rebrand from Hecate Grid, now Fullmark Energy.
Miniera d'Energia, an Energy Vault project in Sardinia, Italy, piloting the use of a hybrid BESS and 'modular pumped hydro' gravity storage tech at a former mining site. Image: Energy Vault.

Energy Vault claims geographic diversity helps offset US-China tariff risk

May 13, 2025
US grid-scale energy storage solutions provider Energy Vault claimed its diversification into new geographies and business models “shielded” its backlog from tariff risk.
Fluence's flagship Smartstack BESS solution, launched earlier this year. Image: Fluence.

Tariff uncertainty leads Fluence to lower 2025 guidance as US projects put on pause

May 12, 2025
Uncertainty over trade tariffs has caused Fluence to lower its revenue and EBITDA guidance, although CEO Julian Nebreda said the company is “optimistic about the future of energy storage.”
A Stem Inc. C&I battery project, using a combination of Tesla hardware and the company's own. Image: Stem Inc. / Clean Capital.

Stem Inc profits increase as pivot from battery storage to software and services continues

May 5, 2025
Stem Inc. had a profitable Q1, as pivot away from battery storage hardware into energy storage and solar software and services continues. 
Stage 1 of independent power producer Neoen's Collie Battery project in Western Australia, which uses Tesla Megapacks and went online in October 2024. The second phase recently came online too. Image: Neoen.

Tesla: Trade tariffs will have ‘outsized impact’ on battery storage business, CFO says

April 24, 2025
Tesla’s energy storage business continued to grow in Q1 2025 even as profits and vehicle sales fell, but faces greater exposure to trade tariff risks than its automotive segment.
Figure 5. Most of the suppliers included in the report are predicted to ship between 3.5-6.5GWh of product in 2025.

CATL and Sungrow join Tesla as AAA-Rated energy storage suppliers

April 1, 2025
Charlotte Gisbourne, market analyst at PV Tech Research discusses trends and movements in the Q1 2025 edition of the EnergyStorageTech Bankability Ratings report.
Eos Energy Enterprises' production line. . Image: Eos Energy Enterprises via X.

US zinc BESS manufacturer Eos guides for tenfold revenue increase year-on-year

March 7, 2025
Zinc hybrid cathode battery and storage system maker Eos expects 2025 revenues to be roughly ten times higher than last year’s.
Stem Inc and third party hardware at a customer's battery storage installation. Image: Stem Inc / CleanCapital.

Stem revenue down 69% in 2024 amid strategic shift away from battery hardware

March 5, 2025
Stem Inc. reported a 69% year-on-year fall in annual revenues as the US energy storage pioneer pivots towards software and services.
Fluence at the RE+ industry event in California, September 2024. The company is active in 17 global territories but around half of its deployments are in the US. Image: Andy Colthorpe/Solar Media

Fluence lowers 2025 guidance due to ‘disappointing’ contract delays, competitive pressure

February 11, 2025
Fluence has reported a year-on-year fall in quarterly revenues and lowered its 2025 guidance but sees ‘robust’ global demand for battery storage.  
A 100MW/400MWh BESS project featuring Tesla Megapacks in California, US. Image: Arevon Asset Management

Tesla deployed 31GWh of storage in 2024, segment benefited from US$756 million tax credits

January 31, 2025
Tesla has reported record quarterly and full-year deployment figures for its Megapack and Powerwall battery storage products in its latest financial results. 

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